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OT Mining Corp.

Publié le 14 septembre 2009

Update on The O.T. Mining Corporation

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Mots clés associés :   Canada | Copper | Zinc |

The O.T. Mining Corporation 

 

 

Press Release

 

 

Montreal, September 14, 2009                                                                                           Pink Sheets: OTMN

 

 

Update on The O.T. Mining Corporation

 

 

The depressed world commodities cycle has finally turned and the overall view is that the world is entering a cyclical recovery in base metals.  Significantly, base metal prices were up 23% to 30% in the past month of July alone.  The long-term market demand remains positive especially due to the continued industrialization of China, India and Brazil.

 

Funding for the past two years for junior mineral exploration companies has been paralyzed due to the world economic collapse.  However, the tide has turned and commodities, especially copper and molybdenum, are again being financed.  There is a definite interest in the potential that the Ruby Property has to offer as a world-class asset base.  We remain very optimistic that we will obtain the required exploration funding from a Midwestern group.  This will enable us to initiate drilling on the 6 square mile North Anomaly/Dry Gulch area next spring.

 

The Ruby property is one of the few enormous exploration projects in the free world.  It covers 21.3 square miles and consists of 13 patented and 681 unpatented claims in Jefferson County, Montana.  It is host to precious - gold and silver and multiple base metals - copper, zinc, lead, and molybdenum.  These metals are the intricate ingredients of the life blood of the industrial world and emerging economies.  The project has now reached the definitive drilling stage.  Forty-five drill holes and access roads have been permitted, and the technical team is ready and eager to get to work.

 

For an investor, the leverage is enormous as O.T. is comprised of less than 14,000,000 fully diluted shares.  The Ruby Project is just 14 miles north north east of the second largest mining camp in the world, The Butte Mining District, host to �The Richest Hill on Earth�.  Dr. Fess Foster has just released a comprehensive report, dated August 11, 2009, that is posted on O.T.�s web site: www.otmining.com.  To view it, go to O.T.�s Home Page right hand side under �Latest Updates�.  It favourably compares the Ruby porphyry system with the porphyry system at Butte.  The two porphyries are very similar.  They are the same age, hosted by the same magma body and occur along the same regional fault zone.  The Butte Camp has produced about $50 billion in metals since the 1860�s.  Approximately 95% of this wealth was mined from the �Main Stage Veins� and the Ruby Project has the potential for similar veins.

 

For further information contact:

 

Rosemary L. Christensen, President

4333 Ste. Catherine St. West, Suite #610

Montreal, Quebec, H3Z 1P9 Canada

Tel: (514) 935-2445 Fax: (514) 935-8161

E-mail: info@otmining.com or rchristensen@otmining.com

Web site: www.otmining.com

 

 

Disclaimer: This news release contains certain �Forward-Looking Statements�. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

 

. <
Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

OT Mining Corp.

EXPLORATEUR
CODE : OTMN
CUSIP : 671061109
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OT Mining est une société d’exploration minière d'argent et d'or basée au Canada.

Ses principaux projets en exploration sont RUBY PROPERTY et BASIN MILL en USA.

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Communiqués de Presse de OT Mining Corp.
27/02/2014The O.T. Mining Corporation Press Release February 27, 2014
05/06/2012The O.T. Mining Corporation Retains Demetruis & Company L.L....
21/06/2010Shareholder Letter
14/09/2009Update on The O.T. Mining Corporation
10/06/2009Shareholder Letter
03/11/2008on The O.T. Mining Corporation
09/05/2008Shareholder (re Interview with Jay Taylor) Letter May 8, 200...
16/04/2008Hunters Comb Globe for a Hot Metal
14/03/2008Shareholder & Interested Parties Letter March 14, 2008
19/02/2008Property Up Dates
18/10/2007AUpdate
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